On average, listings lease in the $10's per square foot per year. The Central Business District region is experiencing a decrease in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 10% decline in rent.
Compared to the rest of the Cincinnati market, the Central Business District region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 53 listings have been posted online, so you'll want to check back regularly for new listings. About 15% of the available leases in the Central Business District are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 7,220 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 6 stories. Most buildings in this region were built in 1927 and are Class A.
This market is fairly equally mixed residential and commercial. Information is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Central Business District folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.